Healthcare DIVE February 20, 2024
The big question coming out of the health insurance earnings season is how much elevated utilization among seniors is carrying over into 2024.
Medicare Advantage medical costs dominated fourth-quarter discussions between health insurers and investors, after higher healthcare utilization popped up like weeds in some segments of each payers’ business.
Yet health insurers’ forecasts for how higher utilization will affect their performance in 2024 are night and day.
Some payers controlled medical costs more effectively than analysts expected, said rising spending shouldn’t affect their outlooks for this year or guided to a stronger 2024 than previously forecast. That group includes UnitedHealth, Centene, Elevance and Cigna.
However, Humana and CVS cut their 2024 earnings outlooks on the heels of last year’s...
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